Federal Reserve Chairman Jerome Powell speaks during a press conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Anna Moneymaker | This report is from today’s CNBC Daily Open, our newsletter for international markets. CNBC Daily […]
U.S. Treasury yields rose on Thursday as investors digested the Federal Reserve’s decision to cut interest rates by 50 basis points on Wednesday. At 2:49 a.m. ET, the yield on 10-year government bonds rose by over one basis point to 3.7018%. The 2-year government bonds The yield was last less than one basis point higher […]
After four years on the global markets, the US Federal Reserve is marking the beginning of a new phase of the rate-cutting cycle. It will cut rates from the current 23-year high between 5.25% and 5.50%. As for the stock market’s reaction, it all depends on whether Jerome Powell makes a 25 or 50 basis […]
WASHINGTON – The U.S. Federal Reserve on Wednesday decided on its first interest rate cut since the beginning of the Covid pandemic, lowering the key interest rate by half a percentage point to prevent a slowdown in the labor market. In view of the declining employment situation and falling inflation, the Federal Open Market Committee […]
Here you can see the development of consumer interest rates as the markets expect a rate cut by the Fed The Federal Reserve is expected to make its first interest rate cut on Wednesday after more than two years of tight monetary policy. The central bank’s target interest rate range is currently 5.25 to 5.5 […]
Federal Reserve Chairman Jerome Powell answers a question from a reporter during a press conference following a meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on July 31, 2024. Andrew Harnik | Despite all the hype surrounding them, Federal Reserve meetings are usually […]
U.S. Treasury yields rose slightly on Wednesday as Wall Street assessed a mixed consumer price index report and its impact on the Federal Reserve’s interest rate decision next week. The return on the 10-year government bonds was more than 2 basis points higher at 3.667%, with the 2-year government bonds The yield recently rose by […]
Prices rose as expected in August, while the annual inflation rate fell to its lowest level since February 2021, according to a Labor Department report released Wednesday that sets the stage for an expected quarter-percentage point interest rate cut by the U.S. Federal Reserve within a week. The consumer price index, a comprehensive measure of […]
Maremagnum | Corbis documentation | Getty Images LONDON — The British economy continued to stagnate in July compared to the previous month, according to preliminary figures from the Office for National Statistics released on Wednesday. Gross domestic product (GDP) fell short of the expectations of economists surveyed by Reuters, who had forecast growth of 0.2 […]
When Vice President Kamala Harris and former President Donald Trump take the debate stage in Philadelphia on Tuesday night, they are expected to bring with them a stash of talking points about the U.S. economy. In the weeks leading up to their debate moderated by ABC News, both Harris and Trump have put forward new […]
